Academy Sports and Outdoors, Inc. $ASO Stock: Greatmark Investment Partners Inc. Increases Position

Greatmark Investment Partners Inc. grew its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,769 shares of the company’s stock after purchasing an additional 10,722 shares during the period. Academy Sports and Outdoors makes up approximately 2.7% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 12th biggest holding. Greatmark Investment Partners Inc. owned about 0.86% of Academy Sports and Outdoors worth $25,477,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ASO. State of Wyoming grew its position in Academy Sports and Outdoors by 28.3% in the 3rd quarter. State of Wyoming now owns 1,489 shares of the company’s stock valued at $72,000 after buying an additional 328 shares during the last quarter. Choreo LLC increased its stake in Academy Sports and Outdoors by 11.0% in the 3rd quarter. Choreo LLC now owns 10,790 shares of the company’s stock valued at $519,000 after buying an additional 1,069 shares during the period. Moody Aldrich Partners LLC raised its position in Academy Sports and Outdoors by 4.4% during the 3rd quarter. Moody Aldrich Partners LLC now owns 69,271 shares of the company’s stock worth $3,331,000 after buying an additional 2,906 shares during the last quarter. Signaturefd LLC raised its position in Academy Sports and Outdoors by 181.8% during the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock worth $92,000 after buying an additional 1,240 shares during the last quarter. Finally, Tectonic Advisors LLC raised its position in Academy Sports and Outdoors by 25.8% during the 3rd quarter. Tectonic Advisors LLC now owns 87,153 shares of the company’s stock worth $4,191,000 after buying an additional 17,881 shares during the last quarter.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Brian Marley sold 10,432 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the transaction, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This trade represents a 24.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president directly owned 36,861 shares in the company, valued at $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 106,315 shares of company stock worth $5,576,537. Company insiders own 4.08% of the company’s stock.

Academy Sports and Outdoors Stock Down 1.9%

Shares of NASDAQ ASO opened at $59.20 on Friday. The stock has a market capitalization of $3.65 billion, a PE ratio of 9.87, a P/E/G ratio of 0.84 and a beta of 0.98. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $51.36 and a 200-day moving average of $52.81. Academy Sports and Outdoors, Inc. has a 52-week low of $41.29 and a 52-week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $1.94 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.24 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.00%.

Analyst Ratings Changes

Several analysts have recently commented on ASO shares. Weiss Ratings upgraded shares of Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. BMO Capital Markets set a $42.00 price target on shares of Academy Sports and Outdoors and gave the stock a “market perform” rating in a research note on Thursday, September 10th. Wells Fargo & Company upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. UBS Group increased their price target on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Finally, Barclays raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.54.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.